RENOJEFF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RENOJEFF
Largest movements
- Tangible fixed assets -€11,840
down €11,840 (-32.3%), from €36,602 to €24,762
- Receivables within one year -€10,917
down €10,917 (-16.4%), from €66,722 to €55,805
of which Trade receivables: -€12,413
- Cash +€3,944
up €3,944 (+1,273%), from €310 to €4,254
mainly Net result for the year (+€15,933) and Depreciation (+€11,840)
- Deferred charges and accrued income +€1,450
up €1,450 (+165%), from €879 to €2,329
- Trade debts -€22,564
down €22,564 (-44.2%), from €51,067 to €28,503
- Profit (loss) carried forward +€15,933
up €15,933 (+98.5%), from €16,175 to €32,109
- Debts after one year -€11,284
down €11,284 (-54.2%), from €20,803 to €9,519
- Gross operating margin +€17,309
up €17,309 (+92.8%), from €18,661 to €35,971
- Taxes +€3,345
up €3,345 (+257%), from €1,302 to €4,647
- Other operating charges +€1,130
up €1,130 (+355%), from €318 to €1,449
- Financial charges +€549
up €549 (+17.7%), from €3,103 to €3,651
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,969 | €88,664 | -€17,306 | -16.3% |
| Fixed assets | 21/28 | €36,602 | €24,762 | -€11,840 | -32.3% |
| Tangible fixed assets | 22/27 | €36,602 | €24,762 | -€11,840 | -32.3% |
| Leasing and similar rights | 25 | €36,602 | €24,762 | -€11,840 | -32.3% |
| Current assets | 29/58 | €69,367 | €63,901 | -€5,466 | -7.9% |
| Stocks and contracts in progress | 3 | €1,457 | €1,514 | +€57 | +3.9% |
| Stocks | 30/36 | €1,457 | €1,514 | +€57 | +3.9% |
| Amounts receivable within one year | 40/41 | €66,722 | €55,805 | -€10,917 | -16.4% |
| Trade receivables | 40 | €27,276 | €14,863 | -€12,413 | -45.5% |
| Other amounts receivable | 41 | €39,446 | €40,943 | +€1,496 | +3.8% |
| Cash at bank and in hand | 54/58 | €310 | €4,254 | +€3,944 | +1,273% |
| Deferred charges and accrued income | 490/1 | €879 | €2,329 | +€1,450 | +165% |
| Total equity and liabilities | 10/49 | €105,969 | €88,664 | -€17,306 | -16.3% |
| Equity | 10/15 | €22,175 | €38,109 | +€15,933 | +71.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,175 | €32,109 | +€15,933 | +98.5% |
| Amounts payable | 17/49 | €83,794 | €50,555 | -€33,239 | -39.7% |
| Amounts payable after more than one year | 17 | €20,803 | €9,519 | -€11,284 | -54.2% |
| Financial debts | 170/4 | €20,803 | €9,519 | -€11,284 | -54.2% |
| Amounts payable within one year | 42/48 | €62,991 | €41,036 | -€21,955 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €11,514 | €12,117 | +€603 | +5.2% |
| Trade debts | 44 | €51,067 | €28,503 | -€22,564 | -44.2% |
| Suppliers | 440/4 | €51,067 | €28,503 | -€22,564 | -44.2% |
| Taxes, remuneration and social security | 45 | €411 | €416 | +€6 | +1.4% |
| Taxes | 450/3 | €411 | €416 | +€6 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,840 | €11,840 | = | 0.0% |
| Other operating charges | 640/8 | €318 | €1,449 | +€1,130 | +355% |
| Gross operating margin | 9900 | €18,661 | €35,971 | +€17,309 | +92.8% |
| Operating profit (loss) | 9901 | €6,503 | €22,682 | +€16,179 | +249% |
| Financial income | 75/76B | €1,518 | €1,550 | +€32 | +2.1% |
| Recurring financial income | 75 | €1,518 | €1,550 | +€32 | +2.1% |
| Financial charges | 65/66B | €3,103 | €3,651 | +€549 | +17.7% |
| Recurring financial charges | 65 | €3,103 | €3,651 | +€549 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €4,918 | €20,581 | +€15,662 | +318% |
| Income taxes | 67/77 | €1,302 | €4,647 | +€3,345 | +257% |
| Profit (loss) for the period | 9904 | €3,617 | €15,933 | +€12,317 | +341% |
| Profit (loss) for the period to be appropriated | 9905 | €3,617 | €15,933 | +€12,317 | +341% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.